Predatory money lending reportedly continues to flourish on Chinese campuses despite a national crackdown. Photo: Reuters
Predatory money lending reportedly continues to flourish on Chinese campuses despite a national crackdown. Photo: Reuters

Loan sharks continue to prey on Chinese university students by going offline to bypass crackdown

A Shanghai-based company was found lending money to students through ads it had posted around university grounds, charging interest of up to 76 per cent

Predatory money lending reportedly continues to flourish on Chinese campuses despite a national crackdown. Photo: Reuters
Predatory money lending reportedly continues to flourish on Chinese campuses despite a national crackdown. Photo: Reuters
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